other material
confidence high
sentiment positive
materiality 0.55
FibroGen receives $6.4M holdback payment from AstraZeneca on China sale
KYNTRA BIO, INC.
- Received $6.4M from AstraZeneca, satisfying $6.0M first holdback plus $0.4M net cash adjustment.
- China operations sale closed Aug 29, 2025; total consideration ~$220M ($85M enterprise + ~$135M net cash).
- $210M paid at closing; $4.0M second holdback for indemnity claims remains, releasable nine months post-close.
- Payment marks release of first post-closing holdback under February 2025 share purchase agreement.